Plan Ledger DOL Form 5500 · updated monthly

Panolam Industries International401(k)

PANOLAM INDUSTRIES INTERNATIONAL, INC. 401(K) RETIREMENT SAVINGS PLAN · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Panolam Industries International reported $65,334 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $1,019 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.21% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 355th-largest of 1,106 plans among Connecticut employers on file, and the 3,804th of 13,661 in manufacturing. In 2024, employees put in $3.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,232,470
Participants with balances519
Active participants411
Employer contributions$418,639
Employee contributions$1,497,258
Employer contribution per active participant$1,019
Average account balance$73,666
Benefits paid to participants$3,781,142
Plan auditUnmodified (clean) audit opinion
AuditorBEERS, HAMERMAN, COHEN AND BURGER
Plan history3
Yearassets · accounts · employer contribution
2024$38.2M · 519 accts · $419K emplr
2023$35.4M · 566 accts · $429K emplr
2022$31.7M · 502 accts · $409K emplr
Administrative expenses, itemized · 2024
Investment management$65,334
Total administrative$65,334
The Panolam Industries International 401(k) match · 2024
Employer contribution per active participant$1,019
Median for plans this size$2,416
2024$1,019 per active participant
2023$1,069 per active participant
2022$946 per active participant

Panolam Industries International's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$65,334

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$65,334 · 0.18%
2023$58,603 · 0.17%
2022$75,229 · 0.21%
Same employer
Similar plansManufacturing · Connecticut
Vineyard Vines, LLC CT$42.2M · 0.28%
Inline Plastics Corp. CT$39.6M · 0.36%
Hobson & Motzer, Inc. CT$38.9M · 0.30%
Sperry Rail, Inc. CT$37.7M · 0.32%
Penco Corporation CT$35.5M · 0.02%
Bedoukian Research, Inc. CT$34.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522064043 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.